QUALIFICATION OF ASSIGNEE. An Assignee shall satisfy the suitability standards applied to an original subscriber to the Partnership. However, such suitability standards shall not apply to any Assignee receiving Units by gift or by operation of law, except when the assigned Units are subject to a liability owed to the Partnership or to a third party. 9.
Appears in 4 contracts
Samples: Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co), Limited Partnership Agreement (Performance Asset Management Co)
QUALIFICATION OF ASSIGNEE. An Assignee shall satisfy the suitability standards applied to an original subscriber to the Partnership. However, such suitability standards shall not apply to any Assignee receiving Units by gift or by operation of law, except when the assigned Units are subject to a liability owed to the Partnership or to a third party. 9.15 16 9.4.3
Appears in 1 contract
Samples: Limited Partnership Agreement (Performance Asset Management Co)
